Financial Times

Saudi Arabia has withdrawn from a China-led cross-border currency platform, according to the Financial Times. The move marks a retreat from Beijing's efforts to build alternatives to dollar-based international payments, and it will fuel debate over the pace at which Gulf states are willing to align financially with China. The reported decision has drawn wide attention given the kingdom's central role in global oil trade and dollar settlement.

Europe is preparing for intensified competition with Asia over liquefied natural gas supplies, according to a Financial Times report. As both regions vie for limited cargoes, buyers could be forced to bid up prices, with implications for Europe's energy security and household and industrial costs. The competition centres on securing winter supply and attracting flexible US and Qatari cargoes away from Asian buyers.

The Reserve Bank of Australia meets on Tuesday for the sixth time this year, with economists and financial markets treating another interest rate rise as near certain. The question being debated is not whether rates will go up but how many further increases may follow as the bank tries to curb inflation, and what that means for mortgages and household budgets.

Poland's central bank is described as trapped in a political contest, according to the Financial Times. The report highlights growing tensions around the institution, suggesting its independence is under pressure amid a broader struggle over political influence in Poland. The row adds to scrutiny of the bank's leadership and policy decisions at a sensitive moment for the country's economy and institutions.

The Financial Times has published an opinion piece examining India's role as a major exporter of labour to the global economy. The argument frames the movement of Indian workers abroad as a "shock" with significant implications for labour markets, migration policy and India's economic standing. Details of the author's full argument are not available beyond the headline.

SpaceX has released its first-ever earnings report, showing that revenue has increased significantly while the company still fails to turn a profit. The disclosure offers a rare look at the finances of Elon Musk's space company, which has historically kept its numbers private. Observers are weighing whether the losses reflect heavy investment in Starship and Starlink or deeper structural challenges.

The Financial Times reports that large US companies are increasingly adopting cheaper 'open' AI models instead of costly proprietary systems. The shift reflects growing pressure to cut technology spending while still deploying generative AI across business operations. Open-weight models from providers like Meta and Mistral are gaining ground as firms weigh cost savings against performance and security concerns.

Inflows of foreign capital into US equities have reached a record high, even as overseas investors pull back from US debt, according to Financial Times reporting. The shift suggests international money is chasing American stocks while showing declining appetite for Treasuries and other fixed-income assets, a rebalancing with potential implications for both equity valuations and US borrowing costs.

Richard Kahn, Jeffrey Epstein's longtime financial manager who appears more than 50,000 times in the Justice Department's Epstein files, was questioned by Congress. Under questioning he confirmed that a woman who accused Donald Trump of sexual abuse received a settlement payment. The testimony has drawn attention to the financial trail behind Epstein's operations and its potential connections to Trump.

The European Central Bank's digital euro has entered wholesale financial markets for the first time, marking a significant step in the eurozone's central bank digital currency project. The move signals that the euro system is testing blockchain-based settlement in real market operations, a development drawing attention from finance and technology watchers.

The world's worst-performing stock market has lowered its minimum price requirement for listed stocks, according to the Financial Times. The move is aimed at keeping shares tradable after steep declines and avoiding delistings or trading suspensions, and it underscores how deep the market's losses have gone this year.

Major technology companies are using guarantee structures to keep roughly $300 billion in AI-related financial commitments off their balance sheets, according to a Financial Times report. The arrangements, often backing data centre and infrastructure deals, raise questions about how much risk the sector is actually carrying as AI spending accelerates.

Manchester City's chairman has said the club's confidence in proving its innocence remains unchanged, according to The New York Times. The statement comes as the English champions continue to face scrutiny over alleged breaches of financial regulations, with the club repeatedly denying any wrongdoing and insisting it expects to be vindicated.

A New York Times opinion piece argues that the surge of investment in artificial intelligence resembles a financial bubble, and examines what could follow if it collapses. The author warns that AI-related borrowing and bank exposure could grow large enough that a crash would trigger calls for bailouts, echoing the dynamics of past banking crises.

South Korea is pursuing a broad national strategy to make artificial intelligence widely accessible across its economy and society. The Financial Times reports on the country's push to scale AI adoption beyond big companies, positioning it as a key driver of future growth. The plan reflects Seoul's ambition to remain competitive as AI reshapes global industries.

The Financial Times argues that the real lesson of the Manchester City affair lies beyond the club itself, pointing to what the case reveals about football finances and governance. The piece reflects ongoing debate over the club's dealings with the Premier League and the wider implications of financial rule enforcement in English football.

The Financial Times reports that SpaceX is shifting its strategic focus away from its core space launch business, in a piece headlined 'SpaceX pivots away from space' with the subheading 'Starbase, we have a problem'. The framing suggests trouble at the company's Texas Starbase site and questions about where Elon Musk's firm is heading next.

The European Union intends to raise the number of its satellite launches sixfold by 2034, according to the Financial Times. The plan points to a major push to expand Europe's space capabilities and reduce dependence on foreign launch providers. Details on funding and implementation have not yet been outlined, and officials have not publicly commented beyond the reported plans.

Walmart's chief executive has ruled out using personalised pricing, saying the retail giant will not charge different customers different prices for the same products even as artificial intelligence reshapes how retailers set and manage prices. The statement, reported by the Financial Times, comes as AI tools raise questions across the retail industry about data-driven pricing practices and consumer fairness.

Financial outlets including 24/7 Wall St. and Yahoo Finance are reporting that Bitcoin holders are selling their coins, but argue the current selling pattern differs from previous sell-offs. The coverage suggests shifts in which types of investors are offloading Bitcoin and how the market is absorbing the supply. Analysts and crypto watchers are weighing what the changed dynamics mean for the price outlook.

A record $124 trillion is expected to pass from older Americans to younger generations in the coming decades, but many retirees are choosing not to wait. Instead of leaving everything as an inheritance, they are giving money to children and grandchildren during their lifetimes — funding homes, education and expenses while they can see the impact. Financial commentators are debating what this shift means for retirement planning, estate strategy and family finances.

Real estate investor Grant Cardone says commercial real estate is heading toward a historic crash and is presenting Bitcoin as a complementary asset for investors looking to diversify. His comments have been picked up by financial outlets including Yahoo Finance and TradingView, adding a prominent property investor's voice to ongoing debate about the sector's troubles and crypto's role in portfolios.

Hong Kong Financial Secretary Paul Chan says the city can offer AI governance solutions to major economies. He argues Hong Kong's regulatory approach and experience with emerging technologies position it as a useful reference point as governments worldwide grapple with how to oversee artificial intelligence development.

A new research paper dubbed 'Shielded Bitcoin' proposes bringing private payments to BTC by adapting Zcash's shielded transaction technology. The proposal suggests applying zero-knowledge proof techniques so Bitcoin payments could be made confidential while remaining verifiable. CoinDesk examined the paper, which is drawing attention in crypto circles to the long-running debate over privacy and compliance on public blockchains.

The Financial Times argues the European Union lacks a clear strategy for key partners such as Canada, and needs a more coherent approach to relations with like-minded countries outside its borders. The call comes amid broader debate about how the EU positions itself with traditional allies, particularly on trade, security and economic cooperation with Western partners.

US Treasury market volatility has spiked, with Bitcoin showing movement at the same time. The headline was shared by financial commentary outlets covering crypto and macro markets. Commentators are linking the bond market turbulence to renewed interest in Bitcoin as traders weigh how traditional safe assets and cryptocurrencies are behaving under current market stress.

Singapore's National Library Board is offering micropayments to encourage people to read more books and spend less time on their phones. The programme aims to build reading habits by rewarding users directly, prompting debate online about whether small financial incentives can genuinely change behaviour or trivialise the value of reading.

Bloomberg asks whether artificial intelligence is making the traditional annual corporate budget obsolete. The discussion centres on companies tied to budgeting and financial planning, including ASAN, FERG and NAVN. As AI enables continuous forecasting and real-time planning, questions are being raised about whether once-a-year budget cycles still make sense for modern businesses and the software firms that serve them.

Milan Fashion Week is under way in the Italian fashion capital, with the Financial Times reporting that the industry is hoping the shows will inject some energy and excitement into a difficult period for luxury. Designers, brands and buyers are looking for standout collections that can revive consumer enthusiasm as the global fashion market slows.

Musician and lifelong Manchester City fan Noel Gallagher says the club's recent triumphs are not tarnished, telling The New York Times: "I know what I saw, I know what I felt." His comments come as City face scrutiny over the financial charges hanging over the club, with fans debating whether their era of success will ever be viewed with an asterisk.